Greg Hunter’s Weekly News Wrap-Up for Augut 19th, 2016
by Greg Hunter
So much for the so-called “recovery,” there’s not going to be one. Retail and tech are the latest to signal the economy is tanking. Retail is warning sales are bad. Macy’s is closing 100 stores nationwide. On top of that, tech giant Cisco just fired 20% of its workforce, or about 5,500 employees. Can you believe the Fed is still talking about raising interest rates in September? Fat chance.
Russian bombers got clearance to take off from an Iranian airbase to fly missions to attack ISIS in Iraq and Syria. This is a disturbing development because when ISIS is defeated, there is going to be a huge vacuum that Iran will surely fill. Meanwhile, Turkey is warming up to Russia. Things have gotten so bad the U.S. has removed its 50 nuclear weapons from Turkey and repositioned them in Romania. It seems reports show the Middle East is becoming more unstable every week.